Financial News: Thai Manufacturing PMI Rises To 50.2 In November

Thai Manufacturing PMI Rises To 50.2 In November - S&P Global

12/01/2024 - 20:38:00 (RTTNews)

(RTTNews) - The manufacturing sector in Thailand moved to expansion in November, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 50.2.

That's up from 50.0 in October, which marked stagnation as the boom-or-bust line of 50 that separates expansion from contraction.

The PMI had positive contributions from output, employment and suppliers' delivery times. These were partly offset by a negative impact from stocks of purchases, while new orders was broadly neutral.

The volume of new orders was broadly unchanged in November, following a fractional decline in October. This limited growth in output which, although maintained for the seventh month running, was only marginal and the weakest over this period.

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